Expro reports Q3 adjusted EPS 23c, consensus 26c

Reports Q3 revenue $422.83M, consensus $436.62M. Michael Jardon, CEO, noted: “We are pleased to report a solid quarter, with strong year-over-year growth, driven by our team’s commitment to deliver excellence and innovation. “Expro (XPRO) is focused on delivering high quality services for our customers, and we remain well positioned for what we expect will be a multi-year growth phase for energy services and for companies such as Expro with good leverage to long-cycle development activity. Despite near-term headwinds, our longer-term outlook for the international and offshore energy markets remains constructive, and we are refining full-year 2024 guidance for expected revenues of between $1,720 million and $1,750 million. Additionally, we are revising full-year Adjusted EBITDA guidance to between $335 million and $350 million, and Adjusted EBITDA margin to approximately 20%.”